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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (75279)	11/17/2006 10:30:03 PM
From: elmatador	Respond to of 206131

It's "The Logic of collective Action": for a lot of effort of a given OPEC member, he derives a little benefit. Because the benefit will be spread to all members of the group and other non-members of the group "...is not in fact true that the idea that groups will act in their self-interest follows logically from the premise of rational and self-interested behavior. It does not follow, because all of the individuals in a group would gain if they achieved their group objective, that they would act to achieve that objective, even if they were all rational and self-interested. Indeed unless the number of individuals in a group is quite small, or unless there is coercion or some other special device to make individuals act in their common interest, rational, self-interested individuals will not act to achieve their common or group interests."(pg.2) economics.about.com Thus, they will continue cheating.